Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 41.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,344 shares of the communications equipment provider’s stock after selling 2,393 shares during the quarter. Legato Capital Management LLC’s holdings in Motorola Solutions were worth $1,546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Synergy Asset Management LLC acquired a new position in Motorola Solutions in the fourth quarter worth approximately $25,000. Crews Bank & Trust bought a new stake in shares of Motorola Solutions during the 4th quarter worth $26,000. FSA Wealth Management LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Motorola Solutions in the 3rd quarter worth $31,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Motorola Solutions during the third quarter worth $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Down 1.7 %

Motorola Solutions stock opened at $466.66 on Thursday. Motorola Solutions, Inc. has a twelve month low of $314.84 and a twelve month high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The firm has a market cap of $77.99 billion, a PE ratio of 51.11, a P/E/G ratio of 3.54 and a beta of 1.02. The firm’s 50 day moving average price is $469.62 and its two-hundred day moving average price is $458.15.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Barclays lifted their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $504.88.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.